Global Economy News
LAST UPDATE: September 5, 2025
World food prices at more than two-year high, FAO says
The FAO reported that global food prices in August 2025 hit their highest level in more than two years, with strong increases in meat, sugar, and vegetable oils.
Insight
The surge in food costs raises concerns over global food security and inflationary pressures in vulnerable economies.
Putin says planned gas pipeline to China will be mutually beneficial, use market price formula
President Putin said the planned Power of Siberia 2 gas pipeline to China would use a market-based pricing formula and deliver benefits to both countries.
Insight
The project highlights Russia’s pivot to Asia for energy exports, strengthening its reliance on China while reducing European exposure.
Russia is ready for economic cooperation in Alaska if US makes political decision to go ahead, Putin says
Putin expressed readiness for economic cooperation in Alaska, saying it depends on a US political decision to proceed.
Insight
The statement appears symbolic but signals Russia’s intent to explore new diplomatic openings with Washington despite strained relations.
